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Cable Update (GBPUSD)

  • #458,581
  • Mar 16, 2018 4:11am Mar 16, 2018 4:11am
Fake-out or break out?? AU did the same on Monday then came scurrying back into line.
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Conventional trading is for losers
  • #458,582
  • Mar 16, 2018 4:36am Mar 16, 2018 4:36am
Waiting for the drop then re loading longs and done for the week ..
  • #458,583
  • Edited 5:06am Mar 16, 2018 4:40am | Edited 5:06am
UP BY BILL WILLIAMS.

And I know it's not real time.
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FREEDOM IS SECURITY.
  • #458,584
  • Mar 16, 2018 4:52am Mar 16, 2018 4:52am
Conclusion:, I will be carefully Watching the 45°on 4H throughout the course of today.
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FREEDOM IS SECURITY.
  • #458,585
  • Mar 16, 2018 6:37am Mar 16, 2018 6:37am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,586
  • Mar 16, 2018 10:39am Mar 16, 2018 10:39am
Sorry to pop in on you like this old chap but I forgot to give you something.
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FREEDOM IS SECURITY.
  • #458,587
  • Mar 16, 2018 11:31am Mar 16, 2018 11:31am
super duper touch
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,588
  • Mar 16, 2018 11:35am Mar 16, 2018 11:35am
example
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,589
  • Mar 16, 2018 11:53am Mar 16, 2018 11:53am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,590
  • Mar 16, 2018 12:04pm Mar 16, 2018 12:04pm
Quoting Bones
super duper touch {image}
There it is
FREEDOM IS SECURITY.
  • #458,591
  • Mar 16, 2018 2:31pm Mar 16, 2018 2:31pm
Hello guys.

I think it is important to look out for some of the support and resistance areas already developed in the daily chart of GBPUSD. The 1.39853 area is a strong resistance area while the 1.38316 area is a strong support area. I think the market is currently in a downchannel and the market might reach the 1.38316 support area next week. This is because the candlestick on the 14th of March, 2018 is a hanging man candlestick and it gives a signal that there may be a potential reversal on trend. I am selling at 1.3932 with stop loss of 50 pips and take profit of 100 pips. Trade safe guys and please share your views.
  • #458,592
  • Edited 5:27am Mar 18, 2018 1:17am | Edited 5:27am
Saya lihat di siklus MN, level harga 1,43 adalah awal dari gelombang Elliot yang menuju ke selatan. Harapan minggu ini adalah penentu arah langkah selanjutnya.
  • #458,593
  • Mar 18, 2018 5:39am Mar 18, 2018 5:39am
ING currency strategists believe that the pound may try to update the highs over the course of next week.

This week, the pound broke through the upper limit of the consolidation formation since the beginning of this year, and while bears persistently defend the level of 1.40, the downturns still continue to attract buying interests around the former resistance. ING analysts point out that the situation looks favorable enough for bulls, and if next week we see a combination of constructive wage data, the Bank of England's harsh rhetoric and the announcement about transition agreement for the UK's exit from the EU, the upward trend of GBPUSD may well develop. The Bank notes that the pound is quite capable of a sharp jump to 1.4250 - 1.4300, and, although the movement may be emotional and unstable, in general, the balance of risks in the form of a steady growth of the British economy, the Bank of England's intention to normalize its monetary policy and chaos in the White house gives ING reason to keep the forecast regarding GBPUSD in the second quarter at 1.45.
  • #458,594
  • Mar 18, 2018 8:15am Mar 18, 2018 8:15am
I forgot to include this. An evening star has been formed in the daily chart of GBP/USD. This can be used as a trend reversal signal. I think we should see a downtrend during the week for about 100 pips. The current price in the market is 1.3944. For 100 pips, I think the market should move down to the 1.3844 area. I risk 50 pips, therefore stop loss is around 1.3981. This is my idea for this week. Trade safe and please share your views on this.
  • #458,595
  • Mar 18, 2018 8:21am Mar 18, 2018 8:21am
chart ? btw hang man man can be a top but more often pause,it's a tricky pattern
Quoting Olabanji-Tex
I forgot to include this. An evening star has been formed in the daily chart of GBP/USD. This can be used as a trend reversal signal. I think we should see a downtrend during the week for about 100 pips. The current price in the market is 1.3944. For 100 pips, I think the market should move down to the 1.3844 area. I risk 50 pips, therefore stop loss is around 1.3981. This is my idea for this week. Trade safe and please share your views on this.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,596
  • Mar 18, 2018 8:22am Mar 18, 2018 8:22am
Quoting Olabanji-Tex
I forgot to include this. An evening star has been formed in the daily chart of GBP/USD. This can be used as a trend reversal signal. I think we should see a downtrend during the week for about 100 pips. The current price in the market is 1.3944. For 100 pips, I think the market should move down to the 1.3844 area. I risk 50 pips, therefore stop loss is around 1.3981. This is my idea for this week. Trade safe and please share your views on this.
Hi Olabanji
You can take your Short Trade with a Trailing Stop say 15 Pips or 20 Pips instead targeting only 50 Pips,IMHO.
  • #458,597
  • Mar 18, 2018 8:23am Mar 18, 2018 8:23am
upper lower wicks show aggression
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,598
  • Mar 18, 2018 8:23am Mar 18, 2018 8:23am
Quoting Plenov
ING currency strategists believe that the pound may try to update the highs over the course of next week. This week, the pound broke through the upper limit of the consolidation formation since the beginning of this year, and while bears persistently defend the level of 1.40, the downturns still continue to attract buying interests around the former resistance. ING analysts point out that the situation looks favorable enough for bulls, and if next week we see a combination of constructive wage data, the Bank of England's harsh rhetoric and the announcement...
Hello Plenov. Please what is the website for ING Currency Strategist?
  • #458,599
  • Mar 18, 2018 8:51am Mar 18, 2018 8:51am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,600
  • Mar 18, 2018 9:19am Mar 18, 2018 9:19am
Quoting Olabanji-Tex
{quote} Hello Plenov. Please what is the website for ING Currency Strategist?
Hi there how are you. This is direct message from my brokers.
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